MBS TRANSPORT REFRIGERATION LTD.

🌳Matureactive
SC186657 · ltd · incorporated 1998-06-10
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 26.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£3.86M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 26.0y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 26.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £3,857,684
Net assets shrinking
Down £236,324 YoY
Cash YoY
+844%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.8m
↑ 844% YoY
Net Worth
£3.9m
↓ 5.8% YoY
Current Assets
£4.5m
↑ 13% YoY
Current Liabilities
—
£0£903k£1.8m£2.7m£3.6m£4.5mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£3.86M£4.09M
Current assets£4.51M£3.99M
Cash£1.77M£187.8k
Debtors£834.7k£498.5k
Net assets£3.86M£4.09M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-02-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-02-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-01-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-06-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2020-12-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-02-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2018-12-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2018-03-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2017-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-07-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-07-22
    📄
    capital-allotment-shares
    capital · SH01
  17. 2014-07-01
    ➕
    KONT, Cevat appointed
    director
  18. 2011-09-13
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  19. 2000-05-23
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  20. 1998-06-22
    ➕
    MCMAHON, Paul James appointed
    secretary
  21. 1998-06-22
    ➕
    BURNS, Stephen appointed
    director
  22. 1998-06-22
    ➕
    MCMAHON, Paul James appointed
    director
  23. 1998-06-10
    🏢
    Company incorporated
    As MBS TRANSPORT REFRIGERATION LTD.
  24. 1998-06-10
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  25. 1998-06-10
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  26. 1998-06-10
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director
  27. 1998-06-10
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul James Mcmahon
Individual · British · DOB 03/1966 · age 60
25–50%
—25-50% shares06/04/2016
Mr Stephen Burns
Individual · British · DOB 05/1964 · age 62
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1998-06-10
Jurisdictionscotland
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Office 2.5, Kirkhill House Business Park Broom Road East
Newton Mearns
Glasgow
G77 5LL

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-24
Last: 2025-06-10

Officers (4 active · 2 resigned)

MCMAHON, Paul James→
secretary · appointed 1998-06-22
View their other companies + combined net worth →
Active
BURNS, Stephen→
director · ~62y · appointed 1998-06-22
View their other companies + combined net worth →
Active
KONT, Cevat→
director · ~54y · appointed 2014-07-01
View their other companies + combined net worth →
Active
MCMAHON, Paul James→
director · ~60y · appointed 1998-06-22
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 1998-06-10 · resigned 1998-06-10
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 1998-06-10 · resigned 1998-06-10
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property13/09/2011—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property23/05/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-07
change-person-director-company-with-change-date
officers · CH01
2021-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-21